Kentucky Hemp Business & Legal News

Behind the scenes in a Kentucky ornamental powerhouse that converted to hemp

  The new hemp industry is attracting some powerhouse players in agriculture, and Hemp Industry Daily went behind the scenes to see how one of the most intriguing partnerships is going. AgTech Scientific, a hemp company in Paris, Kentucky, has merged with ColorPoint, formerly a large player in the ornamental horticulture industry, supplying garden centers […]

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Canopy, US hemp grower head to court over dismal crop, missed payments

Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer are suing each other in rival federal cases over a bad crop and allegations of missed payments and misspent advances. The cases center on Go Farm Hemp, a Henderson, Nevada-headquartered company that entered contracts to grow hemp in 2019 for Canopy Growth in Colorado, Kentucky, […]

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CBD producer sues Oregon hempseed company for $44 million over ruined crop

A Kentucky-based CBD company filed a $44 million lawsuit against an Oregon hempseed company, claiming the hempseeds it supplied were bogus and contributed to ruining the company’s 2019 crop. Lexington-based Elemental Processing estimated it lost at least $44 million in profits after HP Farms of Troutdale, Oregon, allegedly supplied it with more than 6 million […]

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Top ornamental greenhouse operation ColorPoint making transition to hemp

One of the largest greenhouse operations in the United States is leaving ornamental bedding plant production behind and instead placing its chips on the burgeoning Kentucky hemp industry. ColorPoint, a Paris, Kentucky-based greenhouse operation owned by the industry-leading VanWingerden dynasty, said this week it is selling its 3.6-million-square-foot Granville, Illinois, facility to Red White & […]

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Acknowledging hemp ‘uncertainty,’ FDIC chief says banking rules sufficient

Banks may be hesitant to serve hemp companies because of confusion about marijuana laws, the top U.S. bank insurer says. But that doesn’t mean financial institutions should require a new law guaranteeing hemp banking, said Jelena McWilliams, head of the Federal Deposit Insurance Corp. (FDIC), which insures deposits. McWilliams was asked about hemp banking during […]

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Kentucky hemp company researching cultivation in space

Update: The launch scheduled for Friday morning was delayed until Saturday. A Kentucky hemp company is sending seeds into space to see what changes when the plant has less gravity. Winchester-based Atalo Holdings’ seeds will hitch a ride to the International Space Station aboard SpaceX 17, scheduled to launch Friday. Scientists will be looking at […]

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Landing tax incentives, grants for your hemp business

Savvy hemp entrepreneurs can snag free government dollars that are virtually out of reach for marijuana businesses. And now that the 2018 Farm Bill has become law, an even bigger checkbook awaits in the form of Uncle Sam. “The big money is the USDA,” said Jonathan Miller, a lawyer for the U.S. Hemp Roundtable, a […]

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Kentucky, Montana senators get impatient with outdated hemp rules

U.S. senators from two big hemp states are getting fed up with waiting for hemp rules on issues such as shipping hemp across states lines to get fixed, so they’re pushing federal regulators to move faster. During a forum in Kentucky on Monday, Senate Majority Leader Mitch McConnell said a new hemp law may be […]

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Hemp boom: States report dramatic licensing increases for 2019

Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing the crop under pilot programs. Here’s an early look at 2019 […]

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Sales of hemp products in Kentucky surged in 2018

Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture Commissioner Ryan Quarles said Monday. Processors […]

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